>> welcome to our viewers on public television in scommerk also around the globe. we start with the financial crisis in sip russ -- cyprus where time is running out for a deal to save the country from financial ruin. right now the cypriot parliament is holding late-night talks with reports that a levy on bank deposits may be back in the cards. cyprus needs to find nearly $6 billion by monday but protesters have gathered again. we have a report. >> cyprus and its days of turbulence. parliament is expected to vote on a new plan intended to raise funds and qualify the country r a bailout, staving off bankruptcy. the next few hours will determine the future of the country, said the government

spokesman. in the meantime, with the banks closed this is a country in waiting. midday, the main shopping street here almost deserted. >> it is empty. this is one of the busy high streets. it's deserted. it's unbelievable. >> at the cash machines of a troubled bank, withdrawals are limited to 260 euros a day. >> they're afraid maybe next week -- this is our [inaudible] >> in the supermarket, there's evidence of a cash economy expanding. >> we have suppliers demanding cash. not all of them but some are in a panic situation and are demanding cash payments. >> so everyone is waiting to see whether the government can strike a deal with the e.u. by the deadline of monday and save the country from bankruptcy.

the challenge for cyprus and its parliament is how to raise nearly $6 billion and so qualify for a full zureo -- eurozone bailout. the problem is there is tension between cyprus and germany. only today angela merkel was warning that patience has its limits. banking would be restructured with smaller bank accounts protected but larger accounts possibly taking steep losses and there might still be a tax on savings. it was rejected once but might be applied to big deposits. every move is controversial. these bank statue were blocking the roads today. they fear restructuring the banks will lead to layoffs. >> they fear they won't have a job. what do you think will happen? >> whatever is decided here will still have to win the approval of the eurozone and the i.m.f.

in order for cyprus to receive a bailout. >> and the reports coming in tonight do suggest that as part of the new plan being debited by the cypriot pafrlment, it has agreed to create that pool for sate assets and giving the government more control on banks. i spoke with mark lowe. >> this looks from the outside a real mess. is it? >> a huge mess and few would have expected that the third smallest economy in the eurozone could have the messiest bailout of awful. a lot of eyes across europe will be on sip russ as m.p.'s are looking to rode vote on the much-talked about plan b. the vital rescue funds will be

turned off monday. if that happens, cyprus could be forced to drop out of the europeo. a lot of unprecedented pressure from the european union. >> what would the knock-on effect be on around europe if cyprus doesn't come up be with the money by monday and drops out of the eurozone. >> this is a tiny economy and only a bailout of 17 billion euros. if cyprus would leave it would have caused much mess problems than greece, say, or ireland. the fear, though, is if cyprus were to leave the eurozone, what impact that would have on the other borrowing costs in other european markets. would they be forced to go deeper into crisis and would

that be a knock-on can teenagen effect? it is very, very possible. a 15% flat tax on all deposits over 100,000 euros may be back on the table. why? russia seems to be out of the equation of a cypriot rescue. now russia is out, that bank levy is back on the table. enough to raise the 5. billion? if not, cyprus and the eurozone will be in a real mess. >> very anxious weekend for cypriots themselves. mark, thank you very much for joining me. a hot of european eyes on cyprus this weekend. the p.m. of lebanon, najib mikati has revined -- resigned after his cabinet was unable to

decide on how election should be carried out later this year. israel's prime minister benjamin netanyahu has phenomenonny pologized for the death of troops. the reconciliation was brought on by president obama's trip to the middle east. our north american editor, who is traveling with the president, has sent us this report. >> at israel's holocaust memorial, president obama declared we must work for the light. but ermon than diplomacy the man was hoping to change the way america was seen in the world when we came into office. obama has shown a passionate

respect for their country that is sweet music to israeli ears and many liked his push for peace. one newspaper declared "love has paid a royal visit." >> for our sons and daughters are not born to hate. they are taught to hate. so let us fill their young hearts with the same understanding and compassion that we hope others have for them. >> he mailed tribute to zionism at the grave of its modern founder. the new friendlier approach is already working and he's urging israeli prime minister netanyahu -- he's made a surprising apology to his turkish counterpart in 2009 obama's first big policy speech was in crier ro. -- cairo. >> and this cycle of suspicion and discord mustened. >> tonight the president arrived in jordan knowing many in the

arab world watched that speech and waited and wapetted. in this trendy tafoya in the jordanian capital those i talked tofelt let down, further -- to felt let down. >> i think he is exactly like all the american presidents that preceded him. his visit came again to reinforce the american position towards israel, that they were supporters of steal to the end. >> i didn't -- israel to the end. >> i didn't expect anything to come out of it that way. it's a shame that politics can make a great person not do great things. >> in jordan there are protests every friday. but obama's determination not to dictate feels weak to some. many argue that if many american

presidents forced itself on the meevels, the region is now forcing itself upon president obama. the president has already disappointed people in the arab world. if he doesn't get peace talks going again that will make things more did i feel. >> i spoke a short time ago with richard, the president on the council on foreign relations and author of "foreign policy begins at home." richard, thank you for joining me. although it seems to have been a successful trip for relations with israel has it done much to nudge the peace process forward? >> it's in some ways set the foundation or provided a context. i've been a diplomat before and there are times you can do peace plans, times situationes are right for specific proposals. this is not one of them. this was a trip to go over the head of the israeli government, to build a context of support.

once that context exists then it makes it less date for the israeli government to dom to a negotiating table and put kids forward. the same logic applies to the palestinian side. this is a pre-negotiating trip. >> do you think he comes back with the stage set where he's prepared to invest his own political capital and get the peace process going? >> i think it's probably too oon to get that decision but great deal and turkey, was brought around with concerns about iran, the fear of syria. now you've had a rejew -- renewed strategic alignment between those two countries. that, too, was participate of building the process. >> the palestinians said to me the other day we long for the

old days when it was simple. we just had the palestinian-israeli problem. now there are all these countries going into consideration. we're hearing that syria could become an enclave. is america edging towards greater involvement in the syrian conflict? >> i think we are. you saw some of it today. my own guess is it's a question of when and not if the u.s. starts providing lethal aid to syrian oppositions. i don't think we'll go much more than that but i think we'll end his ing more to hasten departure. according to some people, there are some like 1,000 various

militias and opposition groups. so dealing with the amp math could be as difficult as getting to that point. >> thank you for joining us from new york. now to pakistan where former president pervez mush watch says he'll return home to compete in the elections in may. he faces the threat of impeachment and even arrest if he goes back. however, he's told the bbc that se returning to his homeland, whatever the risks. we have a report from dubai. >> the beginnings of a dark chapter in pakistan. soldiers clamoring over the gates of state television. this was general musharraf's modest coup in 1999. after this take over he ruled for nine areas before going into exile.

in dubai today he told us it's different this time. >> if i don't go now, it's now or never, so i have to go. >> in spite of the risks you face? >> yes, very much in spite of the risks. >> one risk is of winding up in the dock over the sensation of form werer prime minister bhutto in 2007. general mush watch denies failing to provide her with adequate security. a pakistani court has ruled he an't be arrested for up to two weeks, but militant could pose a greater them. >> i'm use told facing dangerous but i'm not a foolhardy man. i'm taking precautions, dropping hi -- me own security measures. so let's hope for the best but

there's never 100% on security. >> so you're ready to give your life for this? >> i have to be, yes. >> he's facing a tough battle at the blot box. his political party is weak and he's lot many stalwarts but claims he'll be let back because the pakistanis have broken down. >> the five years of democracy was a total failure. and unfortunately, if you see the past history of pakistan, not one democratically elected government has social economically succeeded. not one. >> so are you saying military rule was better for afghanistan? >> socially-economically, absolutely. all of them were better. >> but many in pakistan won't share his no stallinga for

dictator ship. political analysts say the general is jed's man and they expect the voters to tell him that come polling day. >> pressure vezz musharraf telling the bbc he'll return home no matter the legal risks. still to come -- >> once you start getting that taste you'll want to keep getting it. >> these cigarette ads once painted a seductive ad for smokers. but could now the risk of smoking be the leading line? at least 20 people have been killed, mombings set alight and more than 6,000 homeless in a central burmese down. hence the latest sectarian violence in a country just aemerging from decades of country rule. the president has declared a state of emergency. as our southeast asia

correspondent jonathan head now reports, it's a major change. >> this is one of the few burr these towns with a large muslim population. now, it, too, has been defined y the comal hey tread. i'm so sad about what happened here, says this community leader. i don't want to see anyone hurt. the police were unable or perhaps unwilling to stop the distraction. here they hurriedly evacuate hundreds of people from their burning neighborhood, the crowd watching from a distance, shots abuse. go on, hit them, they urged the complies. >> one of burma's dissidents

arrived to try and calm the mood. he spent 17 years in prison for opposing the old military regime. now he struggles to convince people to be patient. the new government has proved to be unable to deal with the anger that erupted last year in doesens of land dispute. now this is joining a new list of communities for whom the new everya was brought more pain than promise. >> the long-running legal battle between the u.s. government and tobacco companies may be ending. late last year a federal judge ordered tobacco firms to pay for an add campaign. not to promote their products --

oduct but instead to prevent it. >> once you start getting that taste you'll want to keet getting it. >> cheery, upbeat, sexy smoking commercials, a tool tobacco companies used to hook millions of americans into a habit that could kill them. decades harriet the same companies admitted they lied bout the damage they do to smokers. >> i can't overstate how important it is for the tobacco companies admit they deliberately deceived the american public for over 15 a yeeveragets it will make the -- 150 years. >> in 1999 the u.s. justice department brought a case against tobacco companies, using

them of racketeering. in 2006 a judge ordered them to campaign for a series of so-called corrective statements. last november, the same judge spelt out exactly what the firms should say. including a declaration they intelligently deceived the public about the health of smokings and that they deliberately made them more addictive and that smoking leads to cancer. >> the companies have been fighting hard. none of the big firms wanted to talk to me on the record, saying that this is still a live, legal case. but they strongly dispute the charges of racketeering and fraud and also the words of the statement. >> it's believed this will be a big accept in the effort to stop young people taking up smoking but what about those who already

do? >> i think it's a good idea that they're doing it. we all know that it's bad for. >> there are lots of things that are bald for you that people use to do and cigarettes are just one of they want. >> talks with government lawyers were meant to conclude by the beginning of march but they drag on as to bicycle companies drag on. >> just 1000 and $600 is all the bealtles needed to record their debut album. 50 years ago today it was released and within weeks it was at the top of the charts. rolling stones still ranks it as one of the best 40 albums every -- ever made. i spoke to the author of "the beatles" a short time ago. it's been hatch a century ago since "please, please me" was

recorded but ill -- it still sounds completely modern. >> yes, it was different from anything that anyone had horde at the time. it was a tired rock 'n' roll scene in u.k. and here came the beatles with this incredible new sound and took everybody my storm. >> and everyone you see today is going to be humaning those tunes. >> without a document. people were beginning to hum tunes in the rock 'n' roll scene in the u.k. just prior to the release of the union -- album but by the time this one came out it changed everything because those songs were so incredibly humble. they had great harmonies and everything that young kids were looking for. >> were they the epitome of the

innocent mop topped beatles? because they changed radically in a way that not many other bands do. >> rather than changed radically i always like to say that the beatles were constantly evolving. they evolved with almost every album, every single that they put out but i guess it was the last of the so-called innocents. it was right before the swinging 1960's took hold and the beatles really had the sound. >> and then with the lonely heart club we har a totally new sound of the beatles. was that as popular back then as the early cheerful stuff? >> oh, without a doubt, yeah. it was eminently popular. anything that the beatles did changed the sound right away and made things mump more interesting, more vibrant. kids have to be on top of it from the beginning.

>> when you look back at "please please me" that album took what, one day to make the album? the story behind that album is extraordinary too. >> it was. they came in and they were told they had to do it in one day. it was a 10-hour session and the beatles were so excited that hey that -- they worked straight through lunch. one of the four times that ever happened at abbey road. one of the problems was john lennon had a cold. he had been on a tour. he came into the studio and his voice was raw and rangy. >> he shouted his way through "twist and shout." thank you so much for coming in. that brinks the -- brings the show to a close. you can go to our website where you can find all the latest from cyprus where it does seem that

lawmakers are approving key bills to help the country secure a bailout package. thanks for watching. have a great weekend. >> funding of this presentation is made possible by -- the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, union bank, and fidelity investments. >> your personal economy is made up of the things that matter most, including your career, and as those things change, fidelity can help you readjust your retirement plan, rethink how you're invested and refocus as your career moves forward. wherever you are today, a fidelity i.r.a. has a wide range of investment choices that can fit your personal economy. fidelity investments, turn here.

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>> woodruff: president obama told jordan's king abdullah he's worried that neighboring syria will become a haven for extremists and vowed to persuade congress to swnf jordan more money to shelter syrian refugees. good evening, i'm judy woodruff. >> brown: and i'm jeffrey brown. on the "newshour" tonight, margaret warner is in amman and updates us on the president's middle east trip, capped by a breakthrough between two key u.s. allies. >> woodruff: then, we turn to chicago, where city officials announced plans to close 54 schools, most in overwhelmingly black neighborhoods. >> now we've got to worry about our kids going to another location. worry about what's going to happen to them going to school. >> brown: hari sreenivasan continues our series on broadband technology with a look at a new digital divide over how high-speed access and mobile devices are being used. >> woodruff: and mark shields and david brooks analyze the week's news. that's all ahead on tonight's "newshour."

>> major funding for the pbs newshour has been provided by: >> and with the ongoing support of these institutions and foundations. and friends of the newshour. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: it was a day of diplomacy for president obama in the middle east. he promised jordan he would seek $200 million in much-needed help to cope with an influx